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 Glossary   >   D   >   "Deferred state pension" Definition   

        Deferred state pension

When reaching retirement age, a person can elect to defer payment of his/her state pension. The result of this is to increase the value of the pension by one seventh of one percent for every week deferred. The maximum deferment period is five years and no further contributions are required.

Deferred state pension


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Deferred state pension - When reaching retirement age, a person can elect to defer payment of his/her state pension. The result of this is to increase the value of the pension by one seventh of one percent for every week deferred. The maximum deferment period is five years and no further contributions are required.


Deferred state pension : when reaching retirement age, a person can elect to defer payment of his/her state pension. the result of this is to increase the value of the pension by one seventh of one percent for every week deferred. the maximum deferment period is five years and no further contributions are required.